{"id":102405,"date":"2024-12-11T06:32:38","date_gmt":"2024-12-11T10:32:38","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=102405"},"modified":"2024-12-11T06:34:02","modified_gmt":"2024-12-11T10:34:02","slug":"bybit-expands-on-chain-earn-offering-with-sui-staking","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bybit-expands-on-chain-earn-offering-with-sui-staking\/","title":{"rendered":"Bybit Expands On-Chain Earn Offering with SUI Staking\u00a0"},"content":{"rendered":"\n

Sui has been added to Bybit's newly established On-Chain Earn program<\/a>, according to the cryptocurrency exchange.\u00a0<\/p>\n\n\n\n

\"Bybit
Bybit Expands On-Chain Earn Offering with SUI Staking<\/figcaption><\/figure>\n\n\n\n

Sui is presently the 20th largest cryptocurrency by market capitalization, and the exchange announced the increase of its On-Chain Earn offering on December 10. <\/p>\n\n\n\n

Bybit's On-Chain Earn platform supports well-known proof-of-stake cryptocurrencies\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> like Ethereum and Solana and allows users to stake coins directly on the blockchain. <\/p>\n\n\n\n

SUI staking has been added, allowing holders to participate in layer-1 blockchain security while receiving staking benefits.\u00a0Joan Han, sales and marketing director of Bybit:<\/p>\n\n\n\n

\n

We are excited to enhance our On-Chain Earn platform with the addition of SUI staking. This staking initiative reflects our commitment to empowering users with innovative and accessible ways to grow their crypto assets.”<\/p>\n<\/blockquote>\n\n\n\n

Bybit is starting a promotional event to commemorate this milestone, which will run until January 3, 2025, and offer a bonus pool of 12,000 SUI. <\/p>\n\n\n\n

The bonus pool will be dispersed proportionately according to users' staking quantities. To be eligible, users must have staked SUI on the On-Chain Earn platform for at least 24 hours. <\/p>\n\n\n\n

Users' funding accounts will receive additional tokens and staking incentives daily at 6:00 am UTC. After Bybit enabled support for SUI and made it a native pool token<\/a> on the Bybit Launchpool, its price surged by double digits in October. <\/p>\n\n\n\n

The integration of the Phantom wallet and support for USDC (USDC) were two of the triggers that caused the cryptocurrency to soar to a new all-time high<\/a> of $4.46 on December 6. With a price of about $3.75, Bybit's most recent announcement coincides with SUI reducing recent gains.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sui has been added to Bybit’s newly established On-Chain Earn program, according to the cryptocurrency exchange.\u00a0 Sui is presently the 20th largest cryptocurrency by market capitalization, and the exchange announced the increase of its On-Chain Earn offering on December 10. Bybit’s On-Chain Earn platform supports well-known proof-of-stake cryptocurrencies like Ethereum and Solana and allows users […]<\/p>\n","protected":false},"author":43,"featured_media":102406,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[662,23176,14307],"class_list":["post-102405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-bybit","tag-on-chain-earn-program","tag-sui"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/12\/croc_1733912225703.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/102405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=102405"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/102405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/102406"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=102405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=102405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=102405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}